a) If Net Profit last year was $20,000, please compare with Net Profit of current year from Income Statement, analyze Net Profit movement and comment on it.

b) If the Industry Average for Net Profit is $18,000 this year, please compare this with the Net Profit from Income Statement to analyze the firm's financial performance and comment on your finding.

orting, analysis and decision making, 5e (Aus) Introduction to STANDARD VIEW PRINTER VERS Fashionistas Income Statement For the year ended 30 June 2020 Revenue Sales Revenue 117540 Total Revenue 117540 Less: Cost of Sales 58000 Gross Profit 59540 Less Expenses: 5000 Depreciation Expense - Delivery Vehicles Electricity Expense 600 Expense 4500 Wages Expense 21300 Total Expenses 31400 Net Profit 28140 Complete the Balance Sheet provided below for the year ended 30th June 2020. When typing in the number, $ sign is not require answers as either 120000 or 120,000 (acceptable with or without comma, but do not include any space). For negative numbers (I. Depreciation), please type in your number with a - sign (i.e. -10,000). Fashionistas Balance Sheet As at 30 June 2020 Assets Ab